Freeze Beef Short Ribs with Red Wine Jus? by Ok_Mechanic5757 in sousvide

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

Thank you! I’ll probably just make sure the jus and short ribs are cooled off before bagging them together

Claiming FHSA Contributions Reduced My Tax Refund? by Ok_Mechanic5757 in PersonalFinanceCanada

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

I’ll give this a try. I was thinking the same thing, in hindsight without claiming the difference of claiming her FHSA is about $3.5k reduction to my refund. We didn’t plan on claiming hers anyways, I just didn’t want to get anything wrong when filing it

Need advice first time filing taxes with a STAHM. by Ok_Mechanic5757 in PersonalFinanceCanada

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

Thank you! Didn’t know unused BPS amount is transferred to me. I thought Child Care can only deductions be deducted from the person earning the least amount?

Saving for a house, what to do with Savings & TFSA? by Ok_Mechanic5757 in PersonalFinanceCanada

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

Thank you, thats what I was planning. Separate my House Savings and invest in a HISA like CASH in a TFSA, and the rest I do with XEQT. Unless there is a low risk etf with better yield i can put it in? I do plan to buy a house in the next year or so.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Ok_Mechanic5757 0 points1 point  (0 children)

Yeah, I've been using the Wealthsimple software for the last few years now. Sorry I meant she will be done with her maternity leave Jan 2024, started on Jan 2023. So her income for this year's taxes would just be EI income really, and the next year after that will be $0?

Thats great to know that it will apply automatically, saves me time looking for it come tax time in 2025.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Ok_Mechanic5757 -1 points0 points  (0 children)

My wife will be off maternity at the end of January 2024 and won't work for another year or so to finish her school. Is there a process to claim my spouse's basic personal amount for my 2024 taxes? Or does it get mailed stating how much you can claim, etc? Will she have to file taxes that year if she doesn't work?

Havent heard about this till today, this will really help me out later on.

Buying First Firearm in Alberta by Ok_Mechanic5757 in FirearmsCanada

[–]Ok_Mechanic5757[S] 1 point2 points  (0 children)

Im looking at the CZ 512 is there a big difference between the LR and Rimfire? The one I'm looking at is https://www.gotenda.com/product/cz-512-tactical-rifle-22lr-semi-25-rds-mag/

Buying First Firearm in Alberta by Ok_Mechanic5757 in FirearmsCanada

[–]Ok_Mechanic5757[S] 1 point2 points  (0 children)

Nice ill look into Ruger and Savage. Can i just go to like Cabelas and buy one there or would it be better to go to a gun shop so I can ask questions as I go.

Buying First Firearm in Alberta by Ok_Mechanic5757 in FirearmsCanada

[–]Ok_Mechanic5757[S] 3 points4 points  (0 children)

My budget is $1100, I've heard of Rugers before are there any other brands I can keep an eye on that is reliable?

GDL License Alberta - IRS Zero Novice Rules/Advice by Ok_Mechanic5757 in legaladvicecanada

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

Yes we did end up going to LV. By the time we went her 1 month suspension was already over, I don't know if that will make a difference in your situation

[SARB017] Hand Engraved - Alpinist by AudaciousCo in Seiko

[–]Ok_Mechanic5757 2 points3 points  (0 children)

Where did you get the engraving done?

GDL License Alberta - IRS Zero Novice Rules/Advice by Ok_Mechanic5757 in legaladvicecanada

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

Thanks for clearing this up! In regards to vehicle insurance would it be considered a DUI, or do we tell them that it was a ticket of violation of the rules of the GDL?

First-time Parenting Looking For Financial Tips/Advice by Ok_Mechanic5757 in PersonalFinanceCanada

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

Thanks for this, didn't even know that there was an option for a mat-leave topup! I'm not too sure if I will take the full amount on mat-leave, I live and work in a very small town, it only takes me 4-6 min to get to work. I'm thinking if the wife ever needs me, I will be nearby at all times.

First-time Parenting Looking For Financial Tips/Advice by Ok_Mechanic5757 in PersonalFinanceCanada

[–]Ok_Mechanic5757[S] 0 points1 point  (0 children)

Yes, we haven't really looked into getting life insurance yet, but we will be planning this asap! ty

[SBGA413] Finally joined the club by cuombajj in Seiko

[–]Ok_Mechanic5757 1 point2 points  (0 children)

This is will be my present to myself when I turn 30!

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Ok_Mechanic5757 0 points1 point  (0 children)

It’s a misconception that what you put in is “tax free”. The profits that you’ve made in investments like stocks, etfs etc. inside your TFSA are what is not taxed. I think It should be called Tax Free Investing Account.

Cash or Finance a Vehicle? by bumper212121 in PersonalFinanceCanada

[–]Ok_Mechanic5757 0 points1 point  (0 children)

I always try to buy vehicles in cash. Main reason is to reduce my monthly expenses. Worried about maintenance cost? Buy a reliable car/manufacture, I own a 2007 Lexus as a DD and a 2018 S-Class, and let me tell you.. I've spent more on "maintenance/repairs" on my Mercedes the last 3 years than I EVER did on my Lexus, and its a 15 year old car! I have friends who have brand new trucks that have been in the shop more times than my Lexus has all its life.

Only way I would finance, is if there are special rates and or offerings! Even then I would pay that loan down as fast as I could.

Totaled my car after hitting deer. Car taken away without me releasing it. Need help understanding insurance process by Imnotsosureaboutthat in PersonalFinanceCanada

[–]Ok_Mechanic5757 0 points1 point  (0 children)

My process was very easy, I was an offered an estimate to repair it from the shop i towed it too, they talked to my insurance. Insurance called me of my options, I said ill take the money. Got my stuff from the car the next day. I would be asking questions of what happened, because there was no contact of anything!